Americans Don't Even Know What Their Most Important Retirement Asset Is, Study Shows
According to a new research report from The American College of Financial Services, Americans moving into retirement don’t have a good understanding of how to effectively use home equity as an income source in retirement. The report surveyed over 1,000 people aged 55-72 with at least $100,000 in investable assets and $100,000 in home equity to determine their feelings on housing in retirement and test their knowledge with a 10-question true or false literacy quiz on reverse mortgages, which can be taken here.
Hopkins, Jamie Patrick, "Americans Don't Even Know What Their Most Important Retirement Asset Is, Study Shows" (2016). Faculty Publications. 506.